banner Expire 1 April  2021
banner Expire 27 March 2021
Ad Ends 23 May 2021
Ad Ends 07 March 2021
Ad Ends 06 April 2021
Ad Ends 04 March 2021
What's new
  • Contact : [email protected] for Purchasing Advertisement
  • IF you get SCAMMED by someone please contact me for REFUND : TELEGRAM : @carders_se

Manufacturing Giant Suffers Major Cyber-Disruption


Staff member
Jun 13, 2020
Reaction score
  • trusted user
  • Rich User
A leading global manufacturer of cranes has been hit by what appears to be a ransomware attack disrupting IT operations around the world.

Headquartered in Austria, Palfinger Group is renowned for producing hydraulic lifting and loading systems and runs scores of companies in over 30 countries.

The firm issued a brief statement on Monday revealing it is the target of an ongoing global cyber-attack.

“IT infrastructure is disrupted at the moment (including sending and receiving emails, ERP systems). A large proportion of the group's worldwide locations are affected,” it continued.

“It is not possible to estimate the precise extent and duration of the attack or its consequences at this time. Work is being carried out intensively on a solution.”

Although no specifics were mentioned about the type of attack, it would seem to fit the MO of ransomware, given the disruption being caused to the firm’s email and ERP systems.

The group’s €1.1bn revenue haul for the first three months of 2020 would certainly be enough to pique the interest of online extortionists, who are increasingly going after “big game” like Palfinger in a bid to extract larger ransom payments.

“In the manufacturing business, time is money, so the disruption of Palfinger’s IT services as well as order processing and shipment delays, translates to lost revenue. The single biggest threat to enterprises today is underestimating and failing to address cybersecurity across all of a company’s cyber and physical systems,” argued Andrea Carcano, co-founder of Nozomi Networks.

“Attackers are going after higher value targets and that includes operational networks. The remediation costs and efforts to repair the operational, financial and reputational damage caused by these attacks put a significant strain on leadership teams.”

banner Expire 1 April  2021